F M Investments LLC Sells 394 Shares of United Rentals, Inc. (NYSE:URI)

F M Investments LLC reduced its stake in United Rentals, Inc. (NYSE:URI) by 4.1% during the third quarter, Holdings Channel.com reports. The firm owned 9,314 shares of the construction company’s stock after selling 394 shares during the quarter. F M Investments LLC’s holdings in United Rentals were worth $7,542,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of URI. Crewe Advisors LLC purchased a new position in shares of United Rentals during the 1st quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in United Rentals during the third quarter valued at approximately $31,000. RFP Financial Group LLC increased its stake in shares of United Rentals by 115.8% in the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after purchasing an additional 22 shares in the last quarter. HM Payson & Co. bought a new stake in shares of United Rentals during the 3rd quarter valued at $41,000. Finally, HHM Wealth Advisors LLC lifted its stake in shares of United Rentals by 280.0% during the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock valued at $37,000 after buying an additional 42 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.53% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

URI has been the topic of several research analyst reports. Barclays boosted their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Truist Financial boosted their price target on United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Bank of America increased their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Finally, Citigroup raised their target price on shares of United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $742.50.

United Rentals Trading Down 2.4 %

Shares of URI stock opened at $793.47 on Friday. The company has a market cap of $52.07 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 1.90 and a beta of 1.68. United Rentals, Inc. has a 1 year low of $419.81 and a 1 year high of $861.74. The stock’s 50 day simple moving average is $781.33 and its two-hundred day simple moving average is $712.68. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the business earned $11.73 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Research analysts predict that United Rentals, Inc. will post 43.66 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is currently 17.03%.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.